State Administration of Foreign Exchange: my country’s foreign exchange market operated generally steadily in September

China News Service, October 20. According to the WeChat public account of the State Administration of Foreign Exchange, statistics from the State Administration of Foreign Exchange show that in September 2026, banks settled RMB 1,989.7 billion in foreign exchange and sold RMB 1,609.8 billion in foreign exchange. From January to September 2026, the cumulative foreign exchange settlement by banks was 16.3007 billion yuan, and the cumulative foreign exchange sales was 13.5947 billion yuan.

In US dollars, in September 2026, banks settled US$294.2 billion in foreign exchange and sold US$238 billion in foreign exchange. From January to September 2026, banks’ cumulative foreign exchange settlement was US$2,377.6 billion, and cumulative foreign exchange sales were US$1,983.5 billion.

In September 2026, banks’ foreign-related income on behalf of customers was 5,639.8 billion yuan, and external payments were 5,364.7 billion yuan. From January to September 2026, the cumulative foreign-related income of banks on behalf of customers was 49,224.5 billion yuan, and the cumulative external payments were 46,412.7 billion yuan.

In US dollars, in September 2026, banks' foreign-related income on behalf of customers was US$833.9 billion, and external payments were US$793.2 billion. From January to September 2026, the cumulative foreign-related income of banks on behalf of customers was US$7,181.9 billion, and the cumulative external payments were US$6,771.8 billion.

Li Bin, deputy director and spokesman of the State Administration of Foreign Exchange, said that since September, the central banks of Europe, the United States and Japan have successively raised interest rates, some economies have experienced large fluctuations in the foreign exchange and bond markets, and the international financial market continues to fluctuate and adjust. my country's foreign exchange market is operating generally soundly.

Looking at the overall situation, foreign-related transactions remained active. In September, my country's cross-border receipts and payments and foreign exchange settlement and sales increased by 9% and 17% month-on-month respectively. Market expectations are basically stable, and both the settlement and sales exchange rates of enterprises and other entities have increased month-on-month. Cross-border funds maintained a net inflow. In September, the net inflow of cross-border funds from non-banking sectors such as enterprises and individuals was US$40.7 billion, a month-on-month decrease of 35%.

Judging from the channel characteristics, funds under trade in goods continued to have a large net inflow. The service trade deficit is relatively stable. Among them, Chinese residents have a strong willingness to travel abroad and foreigners travel to China, and travel income and expenditure remain at a high level. Overseas direct investment by enterprises has increased, among which the domestic financing provided to overseas affiliated enterprises has increased rapidly, which is related to changes in internal and external interest rates, and to a certain extent also reflects the enhanced function of the RMB financing currency.